Underground Mining Equipment Market Size- By Product Type, By Mining Technique, By Mining Method, By Application, By End User- Regional Outlook, Competitive Strategies and Segment Forecast to 2033

Description

Global Underground Mining Equipment Market Overview

According to SPER Market Research, the Global Underground Mining Equipment Market is estimated to reach USD 231.45 billion by 2033 with a CAGR of 4.84%.

Equipment used for performing underground activities in the mining sector, such as loaders, trucks, and diggers, is referred to as underground mining equipment. The process of extracting minerals and ores from the deep layers of the earth's crust is known as underground mining. The two main categories of underground mining methods are hard mining and soft mining. Hard underground mining involves the excavation of hard minerals like gold, silver, copper, nickel, lead, and other metals.

What challenges does the Global Underground Mining Equipment face?

Mining is an important industry that provides essential resources such as minerals and metals for various uses. Underground mining, in particular, involves extracting these resources from beneath the earth's surface. However, this process is not without its challenges, and the global underground mining equipment market faces several obstacles. One significant challenge is the cost and complexity of the equipment required for underground mining.

In what ways has the COVID-19 pandemic affected Global Underground Mining Equipment Market?

The abrupt COVID-19 pandemic breakout had caused the imposition of strict lockdown laws across a number of nations, which temporarily halted many mining operations and had a detrimental effect on the global market for underground mining equipment. The world economy was immediately impacted by the COVID-19 epidemic, and this effect was seen across all sectors, including mining. Major commodities all experienced significant price decreases, however in other cases, prices remained stable.

Scope of the Report:

Report Metric Details

Market size available for years 2019-2033

Base year considered 2022

Forecast period 2023-2033

Segments covered By Product Type, By Mining Technique, By Mining Method, By Application, By End User

Regions covered Asia-Pacific, Europe, Middle East and Africa, North America, Latin America

Companies Covered BELAZ, Caterpillar Inc., Epiroc AB, Hitachi Construction Machinery Co., Ltd., Komatsu Ltd., Liebherr, Sandvik AB, Sany Group Co., Ltd., Volvo, XCMG Group

Global Underground Mining Equipment Market Segmentation:

By Product Type: Based on the Product Type, Global Underground Mining Equipment Market is segmented as; Continuous Miners, Mining Bolters, Mining Drills, Mining Excavators & Shovels, Mining Loaders, Mining Scalers, Mining Shearer, Mining Trucks.

By Application: Based on the Application, Global Underground Mining Equipment Market is segmented as; Coal Mining, Metal Mining, Mineral Mining.

By End User: Based on the End User, Global Underground Mining Equipment Market is segmented as; Mining Operators, Rental Service Provider.

By Region: Asia Pacific, North America, Europe, the Middle East and Africa, and Latin America are the several geographic divisions of the market. Asia Pacific is the largest market among these.

Product Code: MACH2322

1. Introduction

1.1. Scope of the report
1.2. Market segment analysis

2. Research Methodology

2.1 Research data source
- 2.1.1 Secondary data
- 2.1.2 Primary data
- 2.1.3 SPER's internal database
- 2.1.4 Premium insight from KOL's
2.2 Market size estimation
- 2.2.1 Top-down and Bottom-up approach
2.3 Data triangulation

3. Executive Summary

4. Market Dynamics

4.1. Driver, Restraint, Opportunity and Challenges analysis
- 4.1.1 Drivers
- 4.1.2 Restraints
- 4.1.3 Opportunities
- 4.1.4 Challenges
4.2. COVID-19 Impacts of the Global Underground Mining Equipment Market

5. Market variables and outlook

5.1. SWOT analysis
- 5.1.1 Strengths
- 5.1.2 Weaknesses
- 5.1.3 Opportunities
- 5.1.4 Threats
5.2. PESTEL analysis
- 5.2.1 Political landscape
- 5.2.2 Economic landscape
- 5.2.3 Social landscape
- 5.2.4 Technological landscape
- 5.2.5 Environmental landscape
- 5.2.6 Legal landscape
5.3. PORTER'S five forces analysis
- 5.3.1 Bargaining power of suppliers
- 5.3.2 Bargaining power of Buyers
- 5.3.3 Threat of Substitute
- 5.3.4 Threat of new entrant
- 5.3.5 Competitive rivalry
5.4. Heat map analysis

6. Competitive Landscape

6.1 Global Underground Mining Equipment Market Manufacturing Base Distribution, Sales Area, Product Type
6.2 Mergers & Acquisitions, Partnerships, Product Launch, and Collaboration in Global Underground Mining Equipment Market

7. Global Underground Mining Equipment Market, By Product Type, 2019-2033 (USD Million)

7.1 Continuous Miners
7.2 Mining Bolters
7.3 Mining Drills
7.4 Mining Excavators & Shovels
7.5 Mining Loaders
7.6 Mining Scalers
7.7 Mining Shearer
7.8 Mining Trucks

8. Global Underground Mining Equipment Market, By Mining Technique, 2019-2033 (USD Million)

8.1 Hard Rock Mining
8.2 Soft Rock Mining

9. Global Underground Mining Equipment Market, By Mining Method, 2019-2033 (USD Million)

9.1 Longwall Extraction
9.2 Room & Pillar Extraction

10. Global Underground Mining Equipment Market, By Application, 2019-2033 (USD Million)

10.1 Coal Mining
10.2 Metal Mining
10.3 Mineral Mining

11. Global Underground Mining Equipment Market, By End User, 2019-2033 (USD Million)

11.1 Mining Operators
11.2 Rental Service Provider

12. Global Underground Mining Equipment Market, By Region, 2019-2033 (USD Million)

12.1 Global Underground Mining Equipment Market Size and Market Share by Region (2019-2026)
12.2 Global Underground Mining Equipment Market Size and Market Share by Region (2027-2033)
12.3 Asia-Pacific
- 12.3.1 Australia
- 12.3.2 China
- 12.3.3 India
- 12.3.4 Japan
- 12.3.5 South Korea
- 12.3.6 Rest of Asia-Pacific
12.4 Europe
- 12.4.1 France
- 12.4.2 Germany
- 12.4.3 Italy
- 12.4.4 Spain
- 12.4.5 United Kingdom
- 12.4.6 Rest of Europe
12.5 Middle East and Africa
- 12.5.1 Kingdom of Saudi Arabia
- 12.5.2 United Arab Emirates
- 12.5.3 Rest of Middle East & Africa
12.6 North America
- 12.6.1 Canada
- 12.6.2 Mexico
- 12.6.3 United States
12.7 Latin America
- 12.7.1 Argentina
- 12.7.2 Brazil
- 12.7.3 Rest of Latin America

13. Company Profiles

13.1 BELAZ
- 13.1.1 Company details
- 13.1.2 Financial outlook
- 13.1.3 Product summary
- 13.1.4 Recent developments
13.2 Caterpillar Inc.
- 13.2.1 Company details
- 13.2.2 Financial outlook
- 13.2.3 Product summary
- 13.2.4 Recent developments
13.3 Epiroc AB
- 13.3.1 Company details
- 13.3.2 Financial outlook
- 13.3.3 Product summary
- 13.3.4 Recent developments
13.4 Hitachi Construction Machinery Co., Ltd.
- 13.4.1 Company details
- 13.4.2 Financial outlook
- 13.4.3 Product summary
- 13.4.4 Recent developments
13.5 Komatsu Ltd.
- 13.5.1 Company details
- 13.5.2 Financial outlook
- 13.5.3 Product summary
- 13.5.4 Recent developments
13.6 Liebherr
- 13.6.1 Company details
- 13.6.2 Financial outlook
- 13.6.3 Product summary
- 13.6.4 Recent development
13.7 Sandvik AB
- 13.7.1 Company details
- 13.7.2 Financial outlook
- 13.7.3 Product summary
- 13.7.4 Recent developments
13.8 Sany Group Co., Ltd.
- 13.8.1 Company details
- 13.8.2 Financial outlook
- 13.8.3 Product summary
- 13.8.4 Recent developments
13.9 Volvo
- 13.9.1 Company details
- 13.9.2 Financial outlook
- 13.9.3 Product summary
- 13.9.4 Recent developments
13.10 XCMG Group
- 13.10.1 Company details
- 13.10.2 Financial outlook
- 13.10.3 Product summary
- 13.10.4 Recent developments